HS Valve Income Statement

Financials in millions KRW. Fiscal year is January - December.

Millions KRW. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	81,449	91,264	91,551	85,526	71,962
Revenue Growth (YoY)	-10.76%	-0.31%	7.04%	18.85%	10.87%
Cost of Revenue	73,618	74,434	72,249	72,997	61,699
Gross Profit	7,831	16,830	19,301	12,529	10,263
Selling, General & Admin	8,046	7,448	7,160	6,882	6,045
Research & Development	547.98	986.73	1,033	1,144	1,122
Amortization of Goodwill & Intangibles	5.97	5.97	4.11	3.81	2.68
Other Operating Expenses	224.19	213.63	206.43	249.39	251.87
Operating Expenses	9,479	8,867	9,272	8,826	7,637
Operating Income	-1,648	7,963	10,030	3,702	2,626
Interest Expense	-796.57	-1,047	-1,100	-623.21	-251.29
Interest & Investment Income	436.03	412.01	303.29	408.23	367.57
Currency Exchange Gain (Loss)	4.33	75.37	24.41	54.42	122.31
Other Non Operating Income (Expenses)	-98.99	-56.53	-47.09	-13.37	42.78
EBT Excluding Unusual Items	-2,103	7,347	9,210	3,529	2,907
Gain (Loss) on Sale of Investments	192.57	52.17	303.37	-100.58	-261.61
Gain (Loss) on Sale of Assets	25.63	151.79	57.28	231.02	-60.87
Asset Writedown	-337.22	-	-	-	-
Pretax Income	-2,222	7,551	9,571	3,659	2,585
Income Tax Expense	-256.14	448.24	1,504	678.63	196.43
Net Income	-1,966	7,103	8,066	2,980	2,388
Net Income to Common	-1,966	7,103	8,066	2,980	2,388
Net Income Growth	-	-11.94%	170.66%	24.79%	-57.10%
Shares Outstanding (Basic)	10	10	10	10	10
Shares Outstanding (Diluted)	10	10	10	10	10
Shares Change (YoY)	-0.11%	0.04%	-	-	21.55%
EPS (Basic)	-189.00	682.00	774.85	286.28	229.42
EPS (Diluted)	-189.00	682.00	774.85	286.28	229.42
EPS Growth	-	-11.98%	170.66%	24.79%	-64.70%
Free Cash Flow	-1,603	1,291	7,185	-11,839	-1,072
Free Cash Flow Per Share	-154.12	123.93	690.19	-1137.18	-102.99
Gross Margin	9.62%	18.44%	21.08%	14.65%	14.26%
Operating Margin	-2.02%	8.73%	10.96%	4.33%	3.65%
Profit Margin	-2.41%	7.78%	8.81%	3.48%	3.32%
Free Cash Flow Margin	-1.97%	1.41%	7.85%	-13.84%	-1.49%
EBITDA	-9.64	9,622	11,486	5,174	4,065
EBITDA Margin	-0.01%	10.54%	12.55%	6.05%	5.65%
D&A For EBITDA	1,638	1,659	1,457	1,472	1,439
EBIT	-1,648	7,963	10,030	3,702	2,626
EBIT Margin	-2.02%	8.73%	10.96%	4.33%	3.65%
Effective Tax Rate	-	5.94%	15.72%	18.55%	7.60%
Advertising Expenses	351.81	247.86	248.78	156.09	244.04

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.